Chart Analysis & Trade Setup
Stock: Bajaj Finance Ltd (NSE)
Timeframe: 1W (Weekly Chart)
Technical Analysis:
Resistance Zone (Orange Region):
The price has faced multiple rejections in this zone historically.
The stock has now broken above this resistance, signaling a potential breakout.
Support Levels:
Purple Trendline: Long-term ascending trendline acting as dynamic support.
Blue Zones: These levels indicate past significant buying areas.
Breakout Confirmation:
Trade Plan:
Entry: Around ₹7,899 - ₹8,000, post-breakout confirmation.
Stop Loss (SL): Placed at ₹7,600 (below breakout zone).
Target: ₹10,000 (based on breakout projection and past price action).
Risk-to-Reward (RR) Ratio:
Target Gain: ₹2,000 (from ₹8,000 to ₹10,000)
Risk (SL): ₹400 (from ₹8,000 to ₹7,600)
RR Ratio: 5:1 (Favorable trade setup)
Expected Price Movement:
The price is expected to retest the breakout zone around ₹8,000 before moving higher.
If the retest holds, the stock may rally toward ₹9,200 - ₹10,000.
Stock: Bajaj Finance Ltd (NSE)
Timeframe: 1W (Weekly Chart)
Technical Analysis:
Resistance Zone (Orange Region):
The price has faced multiple rejections in this zone historically.
The stock has now broken above this resistance, signaling a potential breakout.
Support Levels:
Purple Trendline: Long-term ascending trendline acting as dynamic support.
Blue Zones: These levels indicate past significant buying areas.
Breakout Confirmation:
Trade Plan:
Entry: Around ₹7,899 - ₹8,000, post-breakout confirmation.
Stop Loss (SL): Placed at ₹7,600 (below breakout zone).
Target: ₹10,000 (based on breakout projection and past price action).
Risk-to-Reward (RR) Ratio:
Target Gain: ₹2,000 (from ₹8,000 to ₹10,000)
Risk (SL): ₹400 (from ₹8,000 to ₹7,600)
RR Ratio: 5:1 (Favorable trade setup)
Expected Price Movement:
The price is expected to retest the breakout zone around ₹8,000 before moving higher.
If the retest holds, the stock may rally toward ₹9,200 - ₹10,000.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.